Bac Lieu province grants a permit for a foreign-invested LNG power station project. (Photo: VNA)

Disbursement also dropped by 6.6% year-on-year to US$3.85 billion, data as of March 20 has shown.

In the first quarter, Vietnam licensed 758 foreign-invested projects worth a total of US$5.5 billion, mainly thanks to a US$4 billion liquefied natural gas (LNG) power plant in the southern province of Bac Lieu.

Such an investment made Bac Lieu the largest recipient of foreign investment and power generation the most attractive industry during the period.

Additional pledges to existing projects and capital contributions and share purchases saw steep declines to US$1.07 billion and US$2 billion, respectively.

With power generation occupying the top place, manufacturing was the second most attractive sector with US$2.72 billion, followed by wholesale and retail with US$682 million.

Ho Chi Minh City was the second largest recipient of foreign investment with over US$1 billion while the southern province of Tay Ninh came third with US$506.8 million.

A breakdown of investors shows that Singapore made the largest investment in Vietnam in the January-March period with US$4.54 billion, followed by Japan and China with US$846.7 million and US$815.6 million, respectively.

As of March 20, there were over 31,600 active foreign-invested projects in the country with total pledges of US$370 billion, of which 58.3% had been disbursed.

 Source: NDO

Related Topics

Hoa Binh leader meets Indian Ambassador

Conference looks to promote Hoa Binh – India cooperation

Cao Phong promotes great national unity strength in building new life

Yen Thuy moves to boost export of shallot products

---

The Program Organizing Committee informed the delegates about the potential and advantages of Hoa Binh

During the two days of November 14th – 15th, at the Provincial Cultural Palace, the Department of Industry and Trade organized a conference to connect the product consumption of the ethnic minorities and the mountainous areas in 2024. There was the attendance of the representatives of leaders of a number of departments, branches, businesses, manufacturers and distributors inside and outside the province.

OCOP programme transforms Lac Son’s rural economy

The One Commune One Product (OCOP) programme is reshaping the rural economy of Lac Son district, helping improve living standards, particularly among the ethnic minority communities in remote areas of Lac Son district.

Mai Chau district eyes turning Van Mai dam xanh fish into an OCOP product

The Van Mai dam xanh (Bangana lemassoni) fish has long been famous for its unique and delicious flavour, earning a spot on the menus of many restaurants and attracting food connoisseurs. In recent years, residents in Van Mai commune, Mai Chau district, have expanded their fish farming areas and striven to build a strong reputation for their product. They are also working to establish it as an OCOP (One Commune, One Product) item to increase their income.

Hoa Binh works to promote outstanding rural industrial products

Outstanding rural industrial products of Hoa Binh province in 2024 were recently honoured and granted certificates, becoming a source of pride for producers and also a boost for local economic development. The honourees are all deeply imbued with the local cultural identity and boast considerable commercial potential, helping popularise the image of Hoa Binh to domestic and international consumers. This is also a solid stepping stone for rural industrial establishments to develop.

Hoa Binh city effectively implements labour export tasks

In the first 10 months of 2024, Hoa Binh city made significant progress in job creation and labour exports, sending 112 workers abroad through partnerships with authorised recruitment firms.

Mai Chau’s bangana lemassoni fish receives official brand certification

An award ceremony to announce the official certification for Mai Chau district’s Bangana lemassoni fish, a specialty of the locality because of its unique flavour, was held recently in the district.